Every PayPal user can sign-up for a .me domain where the transfer will take place. You can set the amount they want back or allow the sender to choose the amount. The latter could be used for donations to creative projects. Lenders will be able to send a link and have the sender directly moved onto the page. This is a much easier way to ask for money than sending a sort code and account number or PayPal request to a friend.'
Seventy-three percent of people in the U.S. reportedly use digital payment services, and PayPal takes up a large chunk of that 73 percent. The new payments service also takes on PayPal-owned Venmo, a shared payments service that is doing pretty well in the United States. It is odd that Venmo is still active while PayPal works on its own peer-to-peer service, although we might see more integration on the platform in the near future.
